Venezuelan Defense Industry : Technology, Applications, Growth and Status 2017-2022

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Summary
The Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Synopsis
This report offers detailed analysis of the Venezuelan defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

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In particular, it provides an in-depth analysis of the following -
- The Venezuelan defense industry market size and drivers: detailed analysis of the Venezuelan defense industry during 2018-2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Porters Five Force analysis of the Venezuelann defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Venezuelan defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

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Scope
- With a defense budget of US$8.6 billion in 2017, Venezuela is amongst the largest arms importers in Latin America and accounts for nearly one-third of the military goods imported in the region. The increasing military expenditure is largely supported by revenues from the worlds largest proven oil reserves in the country. This burgeoning defense expenditure can be attributed to the modernization of the armed forces, re-armament programs, border disputes, and a strong focus on the development of the indigenous military sector.
- The countrys capital expenditure (CAPEX) is anticipated to increase during the forecasted. A number of procurements have fueled growth of the capital budget allocation, including the Shannxi Y-8 transport aircraft, Norinco VN-4 armored vehicles, T-72BIV MBTs (Russian tanks) and BTR-80 armored vehicles, S-125 Pechora-2M SAM systems, Sukhoi fighter jets, 2S23 Nona-SVK self-propelled guns, Stan Patrol 5009 offshore patrol vessels, Stan Patrol 4207 coastal patrol vessels, Enstrom 480 helicopters, and Diamond Aircraft DA40NG Star trainers. Key opportunities for equipment suppliers are expected in areas such as multi-role aircraft, naval vessels, missile systems, surveillance systems, and UAVs.
- The Venezuelan homeland security expenditure is primarily driven by the need to respond to growing threats from organized crime, current civil unrest, and cyber threats. At the same time, a growing economic crisis is expected to cut down HLS expenditure. The country will invest in biometric systems, border protection and training, CCTV systems, electronic surveillance systems, radar systems, and UAVs. Additionally, opportunities in security systems and platforms are expected to arise as a result of the country concentrating on strengthening border security.

Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Venezuelan defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Venezuelan defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

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